EU Commission reaffirms commitment to phase out Russian fossil fuels

The European Commission reiterated its confidence in the long-term trend of reducing EU energy dependence on Russia, citing the 2022 REPowerEU legislation that mandates a gradual phase-out of Russian fossil fuels. The statement signals policy continuity but offers no new measures or data, leaving the pace of reduction and compliance uncertain. This matters as it reinforces the EU's structural shift away from Russian energy, affecting future gas and oil trade flows.